U.S. agriculture in 1980
Two major problems have troubled American commercial agriculture over the last decade or longer. These problems are related, but not identical.
l. The Overproduction Problem. The first problem is the tendency for U.S. farmers to produce too much -- and for farm incomes to be depressed.
2. The Input Makeup of Farming. But there is a second problem that will be with us whether the excess capacity problem remains or evaporates. This second problem relates to the relative mix of labor and capital items used in farming, and hence, to the size and number of farms and to the farm and rural community population.